Marietta Welcome Center Inc

Analysis

Marietta Welcome Center Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marietta Welcome Center Inc reported income of $459k and spending of $369k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $443k to $459k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marietta Welcome Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Muncie Downtown Development Partnership ($459k), Business Development Corporation of Van Wert Inc ($459k) and Groundswell Startups Inc ($459k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $73k. At year end it held assets of $473k against liabilities of $71k, net assets of $402k. It reported 6 employees.